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FTC Drops UFC Investigation – SportsUntapped.com
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Added February 1st, 2012 by Matt

FTC Drops UFC Investigation
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Looks like the UFC is not a monopoly after all, or the US government decided they have bigger fish to fry.

ESPN recently did a piece that brought to light the FTC’s investigation into the UFC’s purchase of Strikeforce, and whether or not the UFC was a monopoly. The FTC decided there was nothing of substance there. Here is the letter sent to the UFC:

January 25, 2012
Office of the Secretary
Stephen Axinn, Esq.
Axinn Veltrop, and Harkrider LLP
1330 Connecticut Ave., NW
Washington, DC 20036

Re: Acquisition of Explosion Entertainment, LLC (Strikeforce) by Zuffa, LLC (UFC) FTC File No. 111 0136

Dear Mr. Axinn:

The Federal Trade Commission’s Bureau of Competition has been conducting a nonpublic investigation to determine whether Zuffa, LLC’s acquisition of Explosion Entertainment, LLC may violate Section 7 of the Clayton Act or Section 5 of the Federal Trade Commission Act.
Upon further review of this matter, it now appears that no further action is warranted by the Commission at this time. Accordingly, the investigation has been closed. This action is not to be construed as a determination that a violation may not have occurred, just as the pendency of an investigation should not be construed as a determination that a violation has occurred. The Commission reserves the right to take such further action as the public interest may require.

By direction of the Commission.

Donald S. Clark Secretary

So the UFC no longer has to worry about this claim, and they have debunked the myth that they don’t pay their fighters enough. What else you got, people?

The UFC isn’t going anywhere. Some hardcore fans have this awful notion that Dana White has somehow ruined the sport. It’s quite the contrary.

h/t: ftc.gov

 
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